Selling your HDB or condo in Singapore can feel overwhelming, from legal fees to CPF refunds and agent commissions. But what if you could reduce those costs without compromising service? Whether it’s your first time selling or you’ve sold a home before, knowing how to sell your HDB flat cost-effectively is key to maximising your profits.
At Ohmyhome, we make that possible with a 1% HDB agent commission, far below the typical 2-3% charged by most traditional agencies. Here’s how much you stand to save.
What to expect when selling HDB
| Selling Cost | Description | Amount |
|---|---|---|
| Outstanding Home Loan | Remaining loan balance that must be cleared before the sale | Varies |
| CPF Savings Plus Accrued Interest | Refund to CPF account including accrued interest | Varies |
| Property Valuation Fee | HDB valuation fee | $199.25 |
| Conveyancing Fees | Legal fees for the transfer of property ownership | $2,500 – $3,000 |
| Agent Commission | Fees for property agent services | Freelance Agents: 2% – 3% Ohmyhome: 1% of sale price |
| Service & Conservancy Charges (S&CC) | Outstanding fees payable to the town council | Varies per area |
| Miscellaneous Costs | Minor repairs, cleaning services, and other preparation costs | $500 – $2,000 |
| HDB Administration Fee | Fee for processing the resale application | $40 – $80 |
#1: Home valuation
Before listing your property, it’s important to get an accurate valuation. Price it too low and you lose out. Price it too high and buyers won’t bite.
Estimated Valuation (Pre-listing): Use HomerAI, our smart tool, to get an instant estimated valuation based on today’s market.
Official HDB Valuation: Done by HDB-appointed valuers for $199.25 (with GST), submitted only after issuing an Option to Purchase (OTP) to the buyer, and they can submit a Request for Value to HDB to get an appraisal.
You’ll also get a full market report, complete with price trends and a breakdown of past transactions in your area.
#2: Legal conveyancing
Legal fees are another must. This ensures the smooth and legal transfer of property ownership, which usually involves the preparation of documents, discharge of mortgage, and handling of the Option to Purchase (OTP).
Legal conveyancing fees typically range from $1,300 to $3,000, with the average at around $2,500. At Ohmyhome, we offer competitive rates for legal services, starting at just $1,850 nett, so you get the best legal service at a competitive rate, without compromising on quality.
#3: Outstanding home loan
You’re also required to clear your outstanding home loan so your property can be transferred to the new owner. Your outstanding loan amount depends on how much you borrowed initially, how long you’ve been repaying the loan, and the loan interest rate.
#4: CPF savings with accrued interest
The CPF monies you used to pay for your property will also have to be refunded, including the interest it would have earned if it remained in your account. This ensures your retirement savings stay on track.
#5: Agent fee for selling HDB
Hiring an experienced HDB agent might seem like an additional cost, but their expertise, negotiation skills, and ability to manage the entire process can save you time, stress, and ultimately, money. There’s so much more to a transaction than merely listing your property for sale, so we wouldn’t recommend selling your home without an agent, even if you can use AI to get expert property market information.
That said, you can choose the most competitive rate in the market today.
Traditional HDB agents, usually from one of the big agencies like ERA or PropNex, typically charge between 2% and 3% of the property’s sale price. For a $1,000,000 property, that’s up to $30,000 just in commission!
But with Ohmyhome, our 1% property agent commission means you save big, leaving more of your sale proceeds in your pocket.
How much you save with Ohmyhome’s 1% commission
Let’s get down to numbers. Let’s assume you’re selling an HDB or condo for $1,000,000:
| Property Sale Price | Traditional Agent (2% Commission) | Traditional Agent (3% Commission) | Ohmyhome (1% Commission) | Savings with Ohmyhome (Compared to 2%) | Savings with Ohmyhome (Compared to 3%) |
| $1,000,000 | $20,000 | $30,000 | $10,000 | $10,000 | $20,000 |
| Total Costs (Including Other Fees) | $23,700 to $27,500 | $33,700 to $37,500 | $13,700 to $17,500 | $10,000 | $20,000 |
These savings are significant, especially when you consider that selling a property can already be a costly endeavour. Choosing an Ohmyhome HDB agent is a smart move to keep more of your profits.
Ready to sell your home? We’re ready to help.
Schedule a consultation with one of Singapore’s top agents.
Ready to sell your home? We’re ready to help.
Schedule a consultation with one of Singapore’s top agents.
Ready to sell your home? We’re ready to help.
Schedule a consultation with one of Singapore’s top agents.
Ready to sell your home? We’re ready to help.
Schedule a consultation with one of Singapore’s top agents.
Ready to sell your home? We’re ready to help.
Schedule a consultation with one of Singapore’s top agents.
#7: Miscellaneous costs
Don’t forget about the small stuff — like the HDB admin fee (typically $40-$80) and service and conservancy charges (S&CC), which vary per town council. The good news is, you get rebates for S&CC charges spanning 2-4 months. Learn more about that here. You’ll also need to consider a resale levy if you’re selling an HDB flat and planning to purchase another subsidised flat.
Ready to maximise your profits and minimise your costs?
With over 14,500 properties transacted and $15 million+ saved in commissions, Ohmyhome’s trusted HDB agents have the experience, technology, and commitment to ensure you get the best deal possible when selling your HDB.
To get started, drop us a message on WhatsApp to get in touch, or pick a date and time to meet with our HDB agents. No obligation. All free, until we sell your home.
FAQs on Seller HDB Agent fees
What are the fees for selling HDB?
When selling your HDB, the main costs include HDB agent fees, property valuation fees, legal conveyancing fees, and any outstanding home loans or CPF refunds with accrued interest. Traditional HDB agents charge between 2-3%, but with Ohmyhome, you pay only a 1% agent fee for selling HDB, helping you save thousands while maximising your sale profits. Other costs include a minor HDB admin fee ($40-$80) and Service and Conservancy Charges (S&CC).
How much does a buyer agent charge in HDB?
A buyer agent in an HDB transaction typically charges 1% of the purchase price as a commission for their services, although some buyers opt to handle the process themselves to save on costs. Ohmyhome eliminates the need for a buyer to pay this fee because we connect buyers and sellers directly, simplifying the process and saving you money.
What is the cheapest property agent fee?
The cheapest agent fee for selling HDB in Singapore is Ohmyhome’s 1% agent commission. Traditional agencies often charge 2-3% commission, but Ohmyhome keeps your costs low while providing expert services to ensure a seamless selling process. This means more of your sale proceeds stay in your pocket.
Does HDB buyer need to pay commission?
In most cases, HDB buyers don’t need to pay commission unless they engage a buyer agent to assist them. A buyer agent typically charges a 1% fee for their services. However, when working with Ohmyhome, buyers can directly connect with sellers, avoiding this additional cost and saving money on their purchase.
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